U.S. and China Agree to Study Ways to Make Buildings More Energy-Efficient

China is also erecting new buildings at a breathtaking pace and now accounts for half the square footage of buildings under construction around the world, Mr. Chu said in Beijing on Wednesday. The Chinese government has started urging developers to install insulated windows and compact fluorescent bulbs.

"If China were to adopt green construction methods, that would result in millions of jobs for the Chinese people," Mr. Locke said.

Investing and researching in the environmental industry seems to be a very hot topic now. And Gary Locke, current United States Secretary of Commerce and a Chinese American, is a China hand. To boost the economic growth, the Obama Administration knows one thing well: although all is not a bliss, China is a good place to invest.